Tata Technologies Ltd fixes offer price at Rs. 500 per share

Tata Technologies Limited, a subsidiary of Tata Motors Limited in consultation with book running lead managers to the IPO, has finalised the offer price (including the anchor investor offer price) at ₹500 per Equity Share of face value of ₹2 each.

Accordingly, the size of IPO aggregates to ₹30,425.14 million, comprising of an offer for sale of 46,275,000 Equity Shares by the Company amounting to ₹23,137.50 million, 9,716,853 Equity Shares by Alpha TC Holdings Pte. Ltd. amounting to ₹4,858.43 million and 4,858,425 Equity Shares by Tata Capital Growth Fund I amounting to ₹2,429.21 million, subject to finalization of basis of allotment.

The Company has also been informed by Tata Technologies Limited, that, in accordance to the Companies Act, 2013 and other applicable laws and regulations, the Prospectus of Tata Technologies Limited dated November 24, 2023 was filed with the Registrar of Companies, Maharashtra at Pune ("ROC") on November 25, 2023.

Shares of Tata Motors Limited was last trading in BSE at Rs. 673.65 as compared to the previous close of Rs. 679.85. The total number of shares traded during the day was 542886 in over 11081 trades.

The stock hit an intraday high of Rs. 682.40 and intraday low of 671.50. The net turnover during the day was Rs. 366205615.00.

Source : Equity Bulls

Keywords

TataMotors INE155A01022 TataTechnologies OfferPrice IPO